General
NUPRC Outlines Nigeria’s Upstream Energy Sustainability, Decarbonization Agenda
By Adedapo Adesanya
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has outlined plans to reduce carbon emissions from the country’s oil and gas sector while continuing to support energy security and economic growth at the 2025 Global Energy Show, in Canada.
The chief executive of the commission, Mr Gbenga Komolafe, represented by the Director for Energy Sustainability and Carbon Management, Mr Joseph Olawole Ogunsola, while presenting the plan, explained that Nigeria was working to balance the need for enhanced energy production with environmental responsibility.
He described the global energy transition not as a challenge but as an opportunity to build a future that balances energy, the economy, and the environment.
“The objective of our decarbonization agenda is to future-proof the industry for enhanced global competitiveness in the years ahead,” Mr Komolafe posited.
Speaking on Nigeria’s natural gas as a bridge to an energy-secured future, Mr Komolafe disclosed that Nigeria holds the largest natural gas reserves in Africa, with 210.54 trillion cubic feet and a potential of up to 600 trillion cubic feet, adding that by 2030, natural gas is expected to represent more than 70 per cent of the country’s energy mix.
This, he said, is part of Nigeria’s Energy Transition Plan, which aims to achieve net zero carbon emissions by 2060 coupled with the government’s launch of the Nigerian Carbon Market Activation Policy, which has potential to generate 2.5 billion dollars by 2030 through carbon trading and emission reduction efforts that has the full backing of President Bola Tinubu who is calling for urgent climate action and aligning Nigeria’s policies, regulations, and investments to support the shift toward cleaner energy.
Mr Komolafe also spoke on strategic initiatives by NUPRC designed to reduce the environmental impact of Nigeria’s oil and gas industry, which include, Decarbonization and Sustainability Blueprint, a plan launched in March 2025, focusing on cutting emissions, ending gas flaring, improving efficiency, and using innovative technologies; the Nigerian Gas Flare Commercialization Programme (NGFCP), which aims to reduce gas flaring at 49 sites, cutting up to 7 million tons of carbon emissions annually; the Upstream Petroleum Decarbonization Template (UPDT), that ensures emissions reduction and sustainability strategies are part of project planning from the start; and the development of Carbon Capture and Storage (CCS), through pilot and full scale CCS projects to identify underground sites that could safely store carbon emissions.
Others, according to the CCE, are guidelines for carbon management, and the measurement and reporting systems.
Highlighting the importance of partnerships and opportunities, Mr Komolafe extended an invitation to the Canadian regulators and energy companies to work with Nigeria on sustainable energy practices, where he highlighted AFRIPERF, an initiative led by the NUPRC to galvanize African petroleum regulators in promoting value driven climate responsible energy strategies geared towards enhancing competitiveness and investment attractiveness.
He added that the NUPRC is keenly aware of the role of regulatory certainty, predictability and transparency in attracting investors and that Nigeria is positioning itself not just as a participant but as a leader in the global energy sustainability through effective policies, business-friendly reforms and optimized regulatory practices to valorize Nigeria’s abundant oil and gas resources for shared prosperity.
By Modupe Gbadeyanka
A hotline number, 0800 123 5264, for Nigerians to report any MRS Oil Nigeria Plc filling stations selling Premium Motor Spirit (PMS), commonly known as petrol, above the approved pump price of N739 per litre, has been released by Dangote Petroleum Refinery.
The private refiner said the number was now active nationwide, enabling consumers to promptly report violations and help maintain fair pricing across over 2,000 MRS stations.
This measure follows the refinery’s recent commencement of nationwide PMS sales at N739 per litre—a strategic intervention aimed at stabilising fuel prices and easing the financial burden on Nigerians during the festive season.
“We encourage Nigerians to avoid purchasing PMS at inflated prices when locally refined fuel is available at N739 per litre.
“Report any MRS station selling above this price by calling our hotline. Together, we can ensure that the benefits of this price reduction reach every consumer,” the company stated in a statement.
The organisation stressed its mission to deliver affordable, high-quality fuel while safeguarding national economic interests, reaffirming its commitment to steady supply, backed by a guaranteed daily output of 50 million litres, and warned against attempts to create artificial scarcity or manipulate supply.
Regulatory authorities have been urged to remain vigilant and take decisive action against unpatriotic practices.
By refining locally at scale, Dangote Refinery is reducing Nigeria’s dependence on imports, conserving foreign exchange, stabilising the Naira, and strengthening energy security. This initiative represents a significant milestone in the country’s journey toward sustainable energy solutions and economic recovery.
The refinery also issued a stern warning against attempts by unscrupulous operators to create artificial scarcity in response to the price reduction, calling on government agencies to act decisively.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable. We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the statement added.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
By Bon Peters
The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.
At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.
At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.
“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.
He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.
The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating trade and increasing Revenue generation.”
“I remember I told her she was a mother during her maiden visit to the airport.
“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.
“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.
Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
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